Just wanted to bring to your attention the following. An identical pattern is forming and the ADX and MACD are following the same patterns.
I have been out of the market until today and picked up some Oil using HOD at 9.14. with a loose stop.
Gold did not rebound today, so it will be interesting to see how it behaves over the next 1-2 weeks.
Ciena was still weak. The stock is still stuck under the 50 MA.
Again the importance of trendline analysis. The 50 MA would be a very good scalp trade to the downside.
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